Tag: canadian dollar

USDCAD mostly recovered from last week's initial drop below 1.3500 and closed in the vicinity of 1.3600 again on Friday. Can the recovery continue...

Following six weeks of gains, USDCAD is trading lower after fewer than expected job openings in July weakened the case for more rate hikes....

Last week, USDCAD closed above 1.3600 for the first time in three months on the back of rising treasury yields and a dip in...

USDCAD has hardly moved since the start of the week despite rising treasury yields and falling crude oil prices. Where's the pair headed to...

USDCAD keeps rising in August and is now up by over 450 pips since mid-July. Can the pair add a sixth week to its...

USDCAD is trading in the green for the fifth week in a row, up by over 400 pips from last month's low. Can the...

USDCAD briefly exceeded the 1.3500 mark last week before closing below 1.3450 on Friday. In today's Elliott Wave analysis we examine both the bullish...

USDCAD pierced the 1.3500 mark earlier this week, but instead of accelerating to the upside, it tumbled by almost 100 pips. Is this a...

The inverse correlation between USDCAD and the price of crude oil seems broken as the two have been rising in tandem for weeks now....

USDCAD seems to defy logic, climbing alongside crude oil even as Fitch just downgraded the credit rating of the United States. Can the rally...

USDCAD closed marginally higher for the second week in a row despite the accompanying rise in crude oil prices and less hawkish Fed. Can...

USDCAD is down by about 50 pips this week as traders brace for the Fed's interest rate decision and Jay Powell's comments later today....

USDCAD notched up a gain last week ahead of the Fed's interest rate decision on July 26th and the PCE index release two days...

USDCAD is down a bit this week, pressured by rising oil prices, even as the Fed is expected to raise interest rates again next...

USDCAD dipped below 1.3100 last week before the bulls managed to regroup and lift the pair to a Friday close at 1.3217. In today's...

It’s been another week USDCAD bulls would like to forget. Currently below 1.3130, the pair is down by over 150 pips since the market...

Their two-week break is over and the bears are back in USDCAD. In today's Elliott Wave update we examine their chances and identify a...

USDCAD is up two weeks in a row, but if we look more closely at the Elliott Wave structure, the bulls may have less...

USDCAD bears took a rest last week and are back in action in the first days of this one. Is the downtrend about to...

The bears' winning streak came to an end last week after USDCAD found support just under 1.3120 and finished the session at 1.3250 Friday....

USDCAD is up by a hundred pips from yesterday's low in a bullish reversal Elliott Wave analysis helped us predict in advance. What's next...

USDCAD fell for the fourth week in a row despite the Fed's hawkish comments and the sharp drop in the price of crude oil....

USDCAD is up this week after falling by nearly 500 pips over the previous three weeks. Can the bulls stage a meaningful recovery from...

The Fed tried to sound tough last week when it held rates steady, but traders didn’t buy the threats. Coupled with the stabilization in...

USDCAD fell again last week after the Fed abstained from raising interest rates again, while the Bank of Canada is still tightening. Elliott Wave...

USDCAD is down for the week so far after yesterday's CPI data strengthened the case for a pause in the Fed's tightening campaign. Is...

June is shaping up as a terrible month for USDCAD bulls as the pair plunged for the second straight week heading into FOMC. In...

USDCAD is down again as forex traders expect crude oil prices to head north soon and reestablish the inverse correlation between the two. Can...

USDCAD lost nearly 200 pips last week, observing its inverse correlation with the price of crude oil, which surged sharply the past two trading...

USDCAD bulls picked up where they left off and the pair is rising for the second week in a row. How far can it...